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The £1,000 emergency fund challenge.

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Comments

  • ditty1234
    ditty1234 Posts: 2,118 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    edited 1 March 2021 at 7:28AM
    Happy to say I'm bak at £610 after a slump. Had to take out a bit towards glasses and mot.
    Isa help to buy: 1000/3000 33%
    Emergency fund: 100/1000 10%
    Weight loose 8.6 kg - while having fun. 0/8.6 0%
    Focus debt to clear HSBC £10/1111, 0% updated May 25
  • MidsHollie
    MidsHollie Posts: 292 Forumite
    100 Posts Second Anniversary Name Dropper
    I have made it to £1000. Thank you Patman for setting up this thread. 
    I'm going to head over to the 3 - 6 month EF thread, and aim to build this alongside paying off my debt. Hopefully by the end of next year I'll be debt free and with three months of my salary saved up for an Emergency / Opportunity fund.

    https://forums.moneysavingexpert.com/discussion/6086606/debt-free-by-23/p1

    True LBM, December 2019 = £32934. Current Debt = £12762. 1% Challenge = 61.1%. #51 3-6 Month EF Challenge = £1200/£6000



  • ditty1234
    ditty1234 Posts: 2,118 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Hi This thread is very quiet, but I am not giving up - I am now at £800 and thats after taking my dog to the vet and getting a new cam belt. Happy days. Cant wait to join the 3 mont crowd as well.  
    Isa help to buy: 1000/3000 33%
    Emergency fund: 100/1000 10%
    Weight loose 8.6 kg - while having fun. 0/8.6 0%
    Focus debt to clear HSBC £10/1111, 0% updated May 25
  • aimeemum
    aimeemum Posts: 687 Forumite
    Part of the Furniture 500 Posts Xmas Saver!
    I haven't been on much as I'm throwing everything I have at clearing my debt by the end of April. I will then have a better, less precarious starting point for properly seeing how much EF I have, and then I'll start building it up more from there. Very exciting times - but it's going SOOOOOOO slowly. 19 more sleeps until we're debt free!! 
    Changing my Family's Future!! - Starting again!!!!
    Current Progress -
    Debt - Start date 14/4/25 = £14,880.45
    Savings Goal = £1000 EF - £0/£1000 = 0%
  • ditty1234
    ditty1234 Posts: 2,118 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    I have finally made it to £1000 It is such a relief to be able to nor worry as much about the smallest thing. 
    @aimeemum well done for getting your debt sorted. I am doing that painfully slowly, as there is no quick way of getting out of it in any way shape or form. 

    Isa help to buy: 1000/3000 33%
    Emergency fund: 100/1000 10%
    Weight loose 8.6 kg - while having fun. 0/8.6 0%
    Focus debt to clear HSBC £10/1111, 0% updated May 25
  • aimeemum
    aimeemum Posts: 687 Forumite
    Part of the Furniture 500 Posts Xmas Saver!
    edited 26 April 2021 at 11:44AM
    We got there - we're officially down to less than £500 of debt, most of which will be gone by June :D as that's when the payments finish. 

    I'm now waiting very impatiently for the next few paydays so I can move on to the next goals of holiday spending, car funds (both repair and replacement) and building up a true EF. Hopefully I'll be doing weekly updates from now on! 
    Changing my Family's Future!! - Starting again!!!!
    Current Progress -
    Debt - Start date 14/4/25 = £14,880.45
    Savings Goal = £1000 EF - £0/£1000 = 0%
  • Wolfsong12
    Wolfsong12 Posts: 27 Forumite
    10 Posts Name Dropper First Anniversary Photogenic
    #313 checking in. Happy to say emergency fund is now at £5000 following the sale of my flat B)<3
    EF #313: £5000/£1000, 3-6 Month EFC #50 £5000/£5000 PAYDBX 2021 #34: £7326/£7326
    cc1 £0, cc2 £0, cc3 £0
  • candiii
    candiii Posts: 143 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    #305 checking in. Up to £100. Finally in a position to start adding again. I'll keep updating 
    Common sense is not common

    Small progress is still progress

    Weight Loss Challenge 2025 - 30.8lbs/73lbs
  • Elisheba
    Elisheba Posts: 1,786 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I'm signing up for this, please?  I'm paying off a lot of debt, and with a car service and MOT coming up, as well as Xmas, I don't think I'll be able to put much aside until after Xmas but I'll try to, and hopefully after Xmas it'll come together nicely!
    Live the good life where you have been planted.
    Fashion on the Ration Challenge 2022 - 15 carried over. Fashion on the Ration Challenge 2023 - 6 carried over. Fashion on the Ration Challenge 2024 - oops! My Frugal, Thrifty Moneysaving Diary
  • amber03
    amber03 Posts: 1,359 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
    I don’t know if this challenge is still running but I’m back on it, No. 112 currently at £45.22. Hoping to add month and do a lot better this current year.
    :j Debtfree and and staying that way.:j3-6 month emergency fund, No.61 £140.00
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